Key Approaches To Operations Management Te various approaches to operational management which canbeadoptedbyProcter&Gambleforbringing improvement in quality of products or services. These approaches are : Lean management: It is considered to be as an effective approachwhichenablescompanytobringcontinuous improvement in products or services. Lean management approach can be adopted by Procter &Gamble as this will assistanenterprinterpriseinbringingimprovementin quality of products or services.
Total quality management :This approach to operational management assist company in bringing improvement in quality as well as performance. Just in time :it is an effective approach to operational management. Just in time approach to operational management supports in minimizing the wastage. Sixsigma:Thisisconsideredtobeasthebestapproachtooperational management. This approach can be adopted by Procter &Gamble as it will aid business entity in eliminating defects in products. Cont.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Significance As Well As Value Of Operational Management The operational management has assisted Procter &Gamble in accomplishing its business objectives of increasing sales and profitability.An effective operational management has assisted an enterprise in increasing productivity which is very muchcrucialformaintainingbalancebetweendemandandsupply.Ithas supported business entity in increasing working efficiency which is very much essential in order to make quick delivery of products as well asto provide high level of satisfactions to customers. Leaders in Procter &Gamble company can improve efficiencies of operations can formulate as well as implement supply chain strategies, as this tactic will assist in increasing productivity as well as minimizing risk. In addition to this, It is required by both manager or leaders in an enterprise to provide training to employees those who are engaged in operational activities.
REFERENCES Hübner, A., Amorim, P., Kuhn, H., Minner, S. and Van Woensel, T., 2018. Retail operations. Hill, A. and Hill, T., 2017.Essential operations management. Macmillan International Higher Education. Grant, D.B., Wong, C.Y. and Trautrims, A., 2017.Sustainable logistics and supply chain management: principles and practices for sustainable operations and management. Kogan Page Publishers. Slack, N. and Brandon-Jones, A., 2018.Operations and process management: principles and practice for strategic impact. Pearson UK. Choi,T.M.,Wallace,S.W.andWang,Y.,2018.Bigdataanalyticsin operations management.Production and Operations Management.27(10).